Increasing Investment through Public\u2013Private Cooperation<\/h3>\n
According to the report \u201cImpact Investment in Spain 2021,\u201d<\/em> produced by SpainNAB and the Esade Center for Social Impact, capital allocated to impact investment in Spain reached \u20ac2.4 billion in assets under management<\/strong> by the end of 2021\u201412% more than in 2020. These figures illustrate both the sector\u2019s potential in building a new economic model and the need to continue increasing financial resources in this field.<\/p>\n Carmen Basagoiti<\/strong>, President of Harmon, noted that \u201cevents like today\u2019s create meeting points between different political forces and allow civil society to bring an institutional collaboration perspective.\u201d She called for \u201ca strong commitment and push from the public sector to make this possible,\u201d concluding that \u201cwhat remained was to place the impact economy on the public agenda\u2014and today we\u2019ve taken that first step.\u201d<\/p>\n The Public Administration<\/strong> plays a key role in attracting private investors to the sector and providing greater legal certainty. Key factors for the growth of impact investment include a stronger public-sector presence, the development of standardised methodologies for impact measurement and management, and an increase in institutional investors.<\/p>\n Public institutions can channel investment into projects aligned with societal challenges, help achieve the 2030 Agenda<\/strong> and sustainability strategies, and strengthen the capacity of the third and fourth sectors. Impact investment is also a central mechanism for deploying Next Generation EU Funds<\/strong>.<\/p>\n In this regard, C\u00e9sar Cantalapiedra<\/strong>, Partner at Afi, observed that \u201cpublic administrations now have the opportunity to design policies that support sustainable growth and employment. Spain\u2019s receipt of a second tranche of the Recovery and Resilience Mechanism should serve to explore ways of boosting impact investment by attracting private capital through blended finance and results-based contracts, also ensuring fiscal sustainability.\u201d<\/p>\n This event in the Congress marks the beginning of a key year for Spain\u2019s leadership in promoting the impact economy, which will culminate in the GSG Global Impact Summit<\/strong>, to be held in M\u00e1laga on 2\u20133 October 2023<\/strong>. Organised by the Global Steering Group (GSG) and SpainNAB, the summit is the world\u2019s leading annual gathering on impact investment.<\/p>\n The City Council of M\u00e1laga<\/strong> will play an important role in the organisation, and the city\u2019s mayor, Francisco de la Torre<\/strong>, delivered the institutional closing remarks at the Congress.<\/p>\n Coinciding with Spain\u2019s Presidency of the Council of the European Union<\/strong>, the M\u00e1laga summit will bring together international professionals and leaders to showcase how innovation and transparency are converging to channel capital flows that address urgent business, political, and social challenges. Its goal: to promote a transition towards economies that generate solutions.<\/p>\n Finally, SpainNAB used the event to present its #CaminoalImpacto Manifesto<\/strong>, aimed at individuals and institutions across the investment, business, third-sector, public-administration, academic, and media communities. The manifesto invites voluntary endorsement and commitment to advancing the \u201cimpact economy\u201d within each actor\u2019s field of action.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n <\/p>","protected":false},"excerpt":{"rendered":"Madrid, 19 January 2023. SpainNAB, the Spanish National Advisory Board for Impact Investment; Harmon Corporate Affairs, Spain\u2019s first consultancy specialising in non-market strategies; and Afi, a leading Spanish firm in independent consultancy and training, held an event this Thursday in the Congress of Deputies to highlight to policymakers and public institutions the need to strengthen…","protected":false},"author":10,"featured_media":1354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sala-de-prensa"],"acf":[],"yoast_head":"\n2023: A Pivotal Year for Spain in Advancing the Impact Economy<\/h3>\n